Braun and Evans found that
A)the measured Solow residual varied sharply over the seasons.
B)electricity use by producers rises sharply in economic upturns.
C)professional forecasters have rational expectations of inflation.
D)shocks to fiscal policy are the main source of business cycle fluctuations.

Question

Quizplus · Accepted Answer

Braun and Evans found that the measured Solow residual, which is a measure of productivity shocks, varied sharply over the seasons, indicating that productivity changes are not constant throughout the year.

Braun and Evans Found That